On the southern bourse, MBB declined 2.06 per cent to end Monday at VNĐ26,200. But since the beginning of 2021, MBB share price increased by nearly 9.4 per cent. With the current price, BIM can earn more than VNĐ32.5 billion from the deal. … [Read more...] about Bảo Minh Insurance plans to divest from MBB
Limitation year vs plan year
Many expectations for Vietnamese steel industry
Impressive profits According to the business result of Vietnam Steel Corporation (VNSteel), the company exceeded its plan last year, with some main targets even posting slight growth compared to the previous year. Specifically, the company achieved a net revenue of more than VND78.17 trillion last year. Of which, the parent company got VND2.48 trillion, equal to 163.8 percent of the plan for 2020. Pre-tax profit reached VND891 billion. Total consolidated revenue hit VND30 trillion, achieving 100 percent of the plan, and pre-tax consolidated profit touched VND260 billion. This year, the company plans to produce more than 2.5 million tons of steel billets, up 6.5 percent compared to last year. Similarly, Hoa Phat Group is the leading enterprise in the construction steel segment, increasing its market share from 26.2 percent in 2019 to 32.5 percent in 2020. In the steel pipe segment, the two largest enterprises - Hoa Phat and Hoa Sen - raised their market shares from 31.5 percent to … [Read more...] about Many expectations for Vietnamese steel industry
Founder of Got It wants to teach coding to Vietnamese children
“Before every teaching session, we make clear assignments and prepare backup plans. For example, if the main teacher is on the East Coast, the supporting teacher will be on the West Coast. And if the main teacher is in the US, there will be another teacher in Singapore,” he explained. … [Read more...] about Founder of Got It wants to teach coding to Vietnamese children
Banking stocks spearhead market rebound
Increased trading volume and value of banking stocks was attributed to banks’ good financial foundation and sustainable income. According to a FiinGroup report, net interest income of listed banks in the second quarter of the year dropped by 7.5 percent compared to the previous quarter as they implemented many financial support measures for customers as well as financial aid packages for those affected by the pandemic. In particular, many banks promoted non-interest activities including fees and services and other activities. As a result, net profit from service activities of listed banks increased by 9.6 percent compared to the same period last year, creating an important growth engine for banks. … [Read more...] about Banking stocks spearhead market rebound
Finland to provide US$100 million for public investment projects in Vietnam
Ville Skinnari, Minister for Development Cooperation and Foreign Trade of Finland, in a pre-recorded remark said that he expects that with the PIF, Vietnam will have additional public investment funding, while Finnish companies with years of experience, expertise and suitable technology solutions will have better access to the Vietnamese market. … [Read more...] about Finland to provide US$100 million for public investment projects in Vietnam